Market Update | April 18th, 2019

 

Actual Trading – Market Update

April 18th, 2019


Summary

AN UPDATED Crypto Targets at 6:00 pm ET on April 18th, 2019. 


We have moved from short term bullish to neutral at BTC 5300 and ETH 176.

 

Market Overview

_

The market has longer term demand compromised by weak short term longs at levels that are too high to stand up to a sharp move lower.

_

Strategy

_

Square. Portfolio neutral from weighted more heavily towards ETH (from BTC) to capture move higher. At this instant would consider selling rallies for short term trade or buy a more substantial dip for medium term play.

_


Earlier today…

_

Actual Trading Announces Crypto Targets at 8:30 am ET on April 18th, 2019.

We have used trade down this morning in NY to establish modest long for short-term trade.

 

Market Overview

_

Substantial ETH buying late US/early Asia markets yesterday created a greater than would be expected follow-through on the upside.

_

Strategy

_

We viewed the initial push higher as a selling opportunity. The stall at  $173 for ETH and $5,250 for BTC did set up a reasonable selling opportunity. Market does appear caught short though and buying below $170 and $5,215 on this morning’s wave of selling was not easy. We looked at $170 and $5,215 as opportunity to square up overnight shorts and remain neutral to allow for a follow through higher. Trading dynamics would indicate that we absorb selling and crypto markets attempt to move to higher levels.

_
Thank you

David Reich | Head of Actual Trading

 

DISCLOSURES: This Commentary is for informational purposes and does not constitute investment advice, any type of recommendation or an offer to sell or a solicitation to purchase any securities from the Actual Trading or an entity organized, controlled, managed by or affiliated with Actual Group, LLC (“Actual Group”).  Any offer or solicitation may only be made pursuant to a confidential private offering memorandum which will only be provided to qualified offerees for careful review prior to making an investment decision. We aim to educate, report and/or opine on certain developments relating to the digital asset market. These are our subjective views, based on information and sources we believe to be reliable as of the date we publish, but we make no representations or warranties with respect to the accuracy, correctness or completeness of our opinions or any information herein and have no undertaking to update it.  Please do not rely on it.  

Actual Group and/or its affiliates and personnel have made investments in some of the assets or instruments discussed here, and may in the future make additional investments (long or short) in such assets or instruments without further notice. Actual Group does not, here or anywhere, provide accounting, legal or tax advice, or make investment recommendations.  Please do not rely on us for the foregoing. We strongly suggest that prospective investors seek independent advice with respect to any investment, financial, legal, tax, accounting or regulatory issues discussed herein. Certain information contained in this Commentary constitutes “forward-looking statements,” such as statements that include the words“may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “believe”.  There are so many risks and uncertainties that actual events or results or the actual policies, procedures, and processes of Actual Group and the Actual Trading and the performance of the Actual Trading may differ materially from those reflected or contemplated in such forward-looking statements.  Please do not rely on forward-looking statements. Past performance is not necessarily indicative of or a guarantee of future results.

Element Group has changed its name to Actual Group.

Read more about it here
Close